The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AETNA Inc. COM 00817y108 597 5,315 SH   SOLE   5,315 0 0
AFLAC Inc. COM 001055102 4,434 70,220 SH   SOLE   70,220 0 0
AGCO Corp COM 001084102 398 8,005 SH   SOLE   8,005 0 0
AT & T, Inc. New COM 00206r102 1,143 29,175 SH   SOLE   29,175 0 0
AbbVie, Inc. COM 00287y109 1,175 20,572 SH   SOLE   20,572 0 0
Abbott Laboratories COM 002824100 3,291 78,672 SH   SOLE   78,672 0 0
Alkermes PLC COM g01767105 915 26,751 SH   SOLE   26,751 0 0
Allegion PLC COM 0176j1097 244 3,835 SH   SOLE   3,835 0 0
Alliance One International COM 018772103 607 34,587 SH   SOLE   34,587 0 0
Allstate Corp COM 020002101 1,318 19,565 SH   SOLE   19,565 0 0
Alphabet, Inc Voting Class COM 02076k305 401 525 SH   SOLE   525 0 0
Altria Group Inc. COM 02209s103 9,151 146,050 SH   SOLE   146,050 0 0
America Movil ADR COM 02364W105 6,959 448,119 SH   SOLE   448,119 0 0
American Express Co. COM 025816109 492 8,018 SH   SOLE   8,018 0 0
American International Group COM 026874107 2,413 44,650 SH   SOLE   44,650 0 0
Ameriprise Financial Inc. COM 03076c106 235 2,498 SH   SOLE   2,498 0 0
Anthem, Inc. COM 036752103 7,790 56,044 SH   SOLE   56,044 0 0
Apache Corp COM 037411105 464 9,501 SH   SOLE   9,501 0 0
Apollo Education Group, Inc. COM 037604105 1,329 161,829 SH   SOLE   161,829 0 0
Apple Computer Inc. COM 037833100 785 7,205 SH   SOLE   7,205 0 0
Automatic Data Processing COM 053015103 1,117 12,452 SH   SOLE   12,452 0 0
BP p.l.c. COM 055622104 6,603 218,802 SH   SOLE   218,802 0 0
Bank of America Corp COM 060505104 4,928 364,469 SH   SOLE   364,469 0 0
Bank of New York Mellon Corp COM 064058100 11,638 315,979 SH   SOLE   315,979 0 0
Baxalta, Inc. COM 07177m103 470 11,631 SH   SOLE   11,631 0 0
Becton Dickinson & Co COM 075887109 3,981 26,225 SH   SOLE   26,225 0 0
Berkshire Hathaway Inc. Class COM 084670108 213 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670207 3,115 21,955 SH   SOLE   21,955 0 0
Biogen Inc. COM 09062x103 2,347 9,015 SH   SOLE   9,015 0 0
Boeing Company COM 097023105 1,631 12,847 SH   SOLE   12,847 0 0
Bristol Myers Squibb Co. COM 110122108 319 4,993 SH   SOLE   4,993 0 0
British American Tobacco COM 110448107 2,367 20,250 SH   SOLE   20,250 0 0
CST Brands, Inc. COM 12646r105 1,628 42,512 SH   SOLE   42,512 0 0
CVS Health Corp. COM 126650100 5,430 52,349 SH   SOLE   52,349 0 0
Central Pacific Financial Co COM 154760409 2,285 104,947 SH   SOLE   104,947 0 0
Chevron Corp. COM 166764100 3,505 36,743 SH   SOLE   36,743 0 0
Cisco Sys Inc. COM 17275R102 1,364 47,895 SH   SOLE   47,895 0 0
Citigroup Inc. COM 172967424 3,222 77,170 SH   SOLE   77,170 0 0
Coach Inc. COM 189754104 628 15,670 SH   SOLE   15,670 0 0
Coca-Cola Company COM 191216100 6,257 134,874 SH   SOLE   134,874 0 0
Colliers International Group COM 194693107 282 7,460 SH   SOLE   7,460 0 0
Comcast Corp Cl A COM 20030n101 4,117 67,405 SH   SOLE   67,405 0 0
Community Health Systems, Inc. COM 203668108 674 36,416 SH   SOLE   36,416 0 0
ConAgra Foods Inc. COM 205887102 4,846 108,610 SH   SOLE   108,610 0 0
ConocoPhillips COM 20825c104 1,397 34,691 SH   SOLE   34,691 0 0
Corning Inc COM 219350105 6,909 330,751 SH   SOLE   330,751 0 0
Costco Wholesale Corp COM 22160k105 1,820 11,551 SH   SOLE   11,551 0 0
Credit Suisse Group ADR COM 225401108 2,918 206,518 SH   SOLE   206,518 0 0
Diageo PLC ADR COM 25243q205 1,966 18,224 SH   SOLE   18,224 0 0
Discovery Communications Serie COM 25470f104 5,378 187,861 SH   SOLE   187,861 0 0
Discovery Communications Serie COM 25470F302 232 8,598 SH   SOLE   8,598 0 0
Dow Chemical Company COM 260543103 4,851 95,372 SH   SOLE   95,372 0 0
Dr. Pepper Snapple Group COM 26138e109 6,750 75,487 SH   SOLE   75,487 0 0
E. I. Du Pont De Nemours COM 263534109 4,184 66,075 SH   SOLE   66,075 0 0
Express Scripts Inc. COM 30219g108 5,085 74,035 SH   SOLE   74,035 0 0
Exxon Mobil Corp COM 30231G102 1,365 16,334 SH   SOLE   16,334 0 0
FirstService Corp Voting Share COM 33767e103 305 7,460 SH   SOLE   7,460 0 0
Franklin Resources Inc. COM 354613101 6,217 159,215 SH   SOLE   159,215 0 0
General Electric Co. COM 369604103 538 16,935 SH   SOLE   16,935 0 0
General Motors Company COM 37045v100 1,126 35,817 SH   SOLE   35,817 0 0
Gilead Sciences Inc. COM 375558103 274 2,982 SH   SOLE   2,982 0 0
Glaxo SmithKline PLC COM 37733W105 4,512 111,282 SH   SOLE   111,282 0 0
H & R Block Inc. COM 093671105 4,089 154,752 SH   SOLE   154,752 0 0
HP Inc. COM 40434L105 196 15,904 SH   SOLE   15,904 0 0
Hewlett Packard Enterprise Co. COM 42824c109 282 15,904 SH   SOLE   15,904 0 0
Home Depot Inc. COM 437076102 3,759 28,171 SH   SOLE   28,171 0 0
Ideal Power, Inc. (Restricted) COM 451622104 65 14,383 SH   SOLE   14,383 0 0
Ingersoll Rand Co COM g47791101 713 11,500 SH   SOLE   11,500 0 0
Intel Corp. COM 458140101 1,688 52,187 SH   SOLE   52,187 0 0
Interpublic Group COM 460690100 394 17,188 SH   SOLE   17,188 0 0
IsoRay, Inc. COM 46489v104 13 14,218 SH   SOLE   14,218 0 0
J.M. Smucker Co. COM 832696405 1,750 13,480 SH   SOLE   13,480 0 0
Johnson & Johnson COM 478160104 11,380 105,176 SH   SOLE   105,176 0 0
Kelly Services,Inc. COM 488152208 544 28,428 SH   SOLE   28,428 0 0
Kroger Co. COM 501044101 15,439 403,638 SH   SOLE   403,638 0 0
Laboratory Corp. of America COM 50540r409 372 3,180 SH   SOLE   3,180 0 0
Legg Mason Inc. COM 524901105 1,119 32,270 SH   SOLE   32,270 0 0
Lincoln Educational COM 533535100 767 309,157 SH   SOLE   309,157 0 0
Lowes Companies COM 548661107 2,789 36,820 SH   SOLE   36,820 0 0
ManpowerGroup Inc. COM 56418h100 444 5,450 SH   SOLE   5,450 0 0
Marsh & McLennan Co. COM 571748102 2,969 48,837 SH   SOLE   48,837 0 0
Mastercard Inc. COM 57636q104 6,559 69,410 SH   SOLE   69,410 0 0
McDonalds Corp COM 580135101 2,029 16,145 SH   SOLE   16,145 0 0
Medtronic PLC COM g5960l103 10,483 139,773 SH   SOLE   139,773 0 0
Merck & Co.Inc. New COM 58933y105 8,111 153,303 SH   SOLE   153,303 0 0
Microsoft Corp. COM 594918104 10,583 191,619 SH   SOLE   191,619 0 0
Molson Coors Brewing Co COM 60871r209 13,292 138,199 SH   SOLE   138,199 0 0
Mondelez International, Inc. COM 609207105 1,624 40,484 SH   SOLE   40,484 0 0
Monster Beverage Corp. COM 611740101 1,614 12,100 SH   SOLE   12,100 0 0
Newell Rubbermaid Inc. COM 651229106 259 5,850 SH   SOLE   5,850 0 0
Nike Inc Class B COM 654106103 1,435 23,340 SH   SOLE   23,340 0 0
Nordstrom Inc. COM 655664100 233 4,078 SH   SOLE   4,078 0 0
Oracle Corp COM 68389X105 4,882 119,337 SH   SOLE   119,337 0 0
Paychex Inc. COM 704326107 2,651 49,085 SH   SOLE   49,085 0 0
Pepsico Inc. COM 713448108 14,382 140,339 SH   SOLE   140,339 0 0
Pfizer Inc. COM 717081103 2,546 85,899 SH   SOLE   85,899 0 0
Philip Morris International COM 718172109 18,395 187,494 SH   SOLE   187,494 0 0
Phillips 66 COM 718546104 1,497 17,293 SH   SOLE   17,293 0 0
Principal Financial Group COM 74251v102 210 5,322 SH   SOLE   5,322 0 0
Procter & Gamble Co. COM 742718109 4,589 55,753 SH   SOLE   55,753 0 0
Quest Diagnostics Inc. COM 74834l100 4,998 69,955 SH   SOLE   69,955 0 0
Raytheon Company COM 755111507 1,656 13,500 SH   SOLE   13,500 0 0
St. Jude Medical Inc. COM 790849103 1,758 31,972 SH   SOLE   31,972 0 0
Starbucks Corp COM 855244109 451 7,554 SH   SOLE   7,554 0 0
Textainer Group Holdings Limit COM g8766e109 944 63,600 SH   SOLE   63,600 0 0
The Kraft Heinz Company COM 500754106 1,031 13,130 SH   SOLE   13,130 0 0
The Travelers Companies Inc. COM 89417e109 9,892 84,753 SH   SOLE   84,753 0 0
Time Warner Cable Inc. COM 88732j207 219 1,070 SH   SOLE   1,070 0 0
Time Warner Inc. COM 887317303 1,224 16,876 SH   SOLE   16,876 0 0
Twenty-First Century Fox Cl A COM 90130a101 2,085 74,776 SH   SOLE   74,776 0 0
US Bancorp Delaware New COM 902973304 473 11,660 SH   SOLE   11,660 0 0
Unilever NV New York Shs COM 904784709 5,305 118,728 SH   SOLE   118,728 0 0
Union Pacific Corp COM 907818108 353 4,434 SH   SOLE   4,434 0 0
United Parcel Service Inc. COM 911312106 1,406 13,333 SH   SOLE   13,333 0 0
Unitedhealth Group Inc. COM 91324p102 15,349 119,075 SH   SOLE   119,075 0 0
Unum Group COM 91529y106 2,872 92,871 SH   SOLE   92,871 0 0
Valero Energy Corp. COM 91913y100 4,657 72,610 SH   SOLE   72,610 0 0
Verizon Communications COM 92343V104 2,307 42,652 SH   SOLE   42,652 0 0
Viacom Inc. Class B COM 92553p201 937 22,695 SH   SOLE   22,695 0 0
Visa, Inc. COM 92826c839 3,384 44,248 SH   SOLE   44,248 0 0
Vitamin Shoppe, Inc. COM 92849E101 1,234 39,860 SH   SOLE   39,860 0 0
Waddell & Reed Financial COM 930059100 824 35,008 SH   SOLE   35,008 0 0
Wal Mart Stores COM 931142103 6,235 91,042 SH   SOLE   91,042 0 0
Walt Disney Holding Co. COM 254687106 616 6,207 SH   SOLE   6,207 0 0
Washington Federal COM 938824109 542 23,939 SH   SOLE   23,939 0 0
Waste Management Inc. Del COM 94106L109 306 5,180 SH   SOLE   5,180 0 0
Weight Watchers Intl. Inc. COM 948626106 736 50,620 SH   SOLE   50,620 0 0
Wells Fargo & Co. COM 949974610 216 4,460 SH   SOLE   4,460 0 0
Western Union Company COM 959802109 4,126 213,902 SH   SOLE   213,902 0 0
Weyerhaeuser Co. COM 962166104 365 11,780 SH   SOLE   11,780 0 0
Willbros Group, Inc COM 969203108 26 12,175 SH   SOLE   12,175 0 0
Yum! Brands, Inc. COM 988498101 1,092 13,347 SH   SOLE   13,347 0 0
Zimmer Biomet Holdings COM 98956p102 8,937 83,814 SH   SOLE   83,814 0 0
Zynerba Pharmaceuticals Inc. COM 98986x109 478 50,556 SH   SOLE   50,556 0 0
Arcos Dorados Hldgs. FOR g0457f107 282 75,298 SH   SOLE   75,298 0 0
Coca-Cola HBC AG ADR Unsponsor FOR 191223205 277 13,200 SH   SOLE   13,200 0 0
LyondellBasell Industries N.V. FOR n53745100 899 10,500 SH   SOLE   10,500 0 0
Nokia Corp Sponsored ADR FOR 654902204 78 13,117 SH   SOLE   13,117 0 0
Royal Dutch Shell PLC FOR 780259206 774 15,978 SH   SOLE   15,978 0 0
SK Telecom ADR FOR 78440p108 210 10,408 SH   SOLE   10,408 0 0
Telefonica S.A. ADR FOR 879382208 5,397 484,901 SH   SOLE   484,901 0 0
Toyota Motor Corp ADR FOR 892331307 231 2,175 SH   SOLE   2,175 0 0